Cherry Tree Hill is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 51, the suburb has an older demographic with a median age of 62. Households earn a median income of $78K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cherry Tree Hill is $400,000, having dropped significantly 68.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $2,383.
The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Cherry Tree Hill offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($400K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -68.3% year-on-year.
Cherry Tree Hill is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 51, the suburb has an older demographic with a median age of 62. Households earn a median income of $78K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cherry Tree Hill is $400,000, having dropped significantly 68.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $2,383.
The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Cherry Tree Hill offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($400K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -68.3% year-on-year.